Funds need to come up with $$ to buy Tesla- so they too will be selling some. That's why I sold my other stock to sell TSLA PUTS today, to fund more Calls
Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
- Start date
Funds need to come up with $$ to buy Tesla- so they too will be selling some. That's why I sold my other stock to sell TSLA PUTS today, to fund more Calls
Thanks for this suggestion. I cancelled the CC. Furthermore, I hope it wasn’t a mistake, but I just sold 200 sh at $522. I had the order set for 525, then changed it after the first pull back. Damn, it would have hit at 525.
I’m still long, and this was a “hopefully” strategic sell to free up capital for buying a bunch of calls on Friday. Thanks to Oil4AsphaultOnly for suggesting that this technique is more bullish (instead of selling a OTM CC at 600 or 700 strike). I’m hoping for another pullback this Friday, where I will redeploy this cash into buying some calls. Suggestions for strikes and exp? The 12/24 545c that I bought last Friday are up 40% today. I might pile into some more of those or try the week before or later. Hmmmmmm.
TheTalkingMule
Distributed Energy Enthusiast
Can anyone suggest a way to set sell orders within Fidelity(my IRA if that matters) to catch a potential momentary squeeze? Let's say we pop from $610 to $950 one afternoon as three major index funds simply decide to buy at the same moment at market prices and there's a moment of zero bid. I can't set a $950 sell order because it's too far from current bid. Is there a workaround for this?
Mo City
Active Member
Will this new paint shop allow Fremont production to exceed 600K/year? If so, 2M might be within reach in 2022.
wipster
Gold Member
Well, good job @Lycanthrope ! Tried to leave a message last night, but it got deleted as apparently I left the Germany SP but labeled US! I must have been tired. Let's hope it can stay up and grow this short week!
- Mar 24, 2013
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That reminds me - it could be interesting to see if the Frankfurt bourse receives an inordinate amount of trading late in the week as
Frankfurt TSLA will continue to trade as normal on Thu / Fri, correct? When we have Thu off and Fri half-day?
Sudre
Active Member
- May 30, 2012
- 1,040
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Many times TSLA is easily pushed around on short trading weeks. I imagine some intern is really pissed he has to work long hours this week on the floor picking up shares for the fund that has decided to buy. Not to mention how horrible Thanksgiving is going top be for Shorty. I bet he's not getting the bonus free turkey this time.... probably a 6 piece CHICKEN from Popeye's instead.
Here's how things shaped up by the end of Friday. I don't think much needs to be said. This is scaled the same as last week's pics for this weeks OI. I don't know if THEY will get the PUTs sold at the 500 strike THEY want and those 475 Calls are still hanging in there so expect attempts to get the SP down. The market in general on Friday was expecting things to rise this week... surprise surprise, eh?
Here's how things shaped up by the end of Friday. I don't think much needs to be said. This is scaled the same as last week's pics for this weeks OI. I don't know if THEY will get the PUTs sold at the 500 strike THEY want and those 475 Calls are still hanging in there so expect attempts to get the SP down. The market in general on Friday was expecting things to rise this week... surprise surprise, eh?
Runarbt
Active Member
Sell covered call options? 12/18 $950 ?
..nah, wont catch a spike the way your want I guess.
But will net you a cool $70 bucks pr. contract. ;-D
mickle
Member
Not sure this will do what you want but maybe close. In Active Trader Pro, look at Conditional Trades menu.
Set a condition of say, when TSLA > $700, then place Limit order at $950.
Christine600
Supporting Member
You will have to be online all the time yourself - or get an intern.
Don't forget the market closes at 1:00 ET Friday.Thanks for this suggestion. I cancelled the CC. Furthermore, I hope it wasn’t a mistake, but I just sold 200 sh at $522. I had the order set for 525, then changed it after the first pull back. Damn, it would have hit at 525.
Thanks for this suggestion. I cancelled the CC. Furthermore, I hope it wasn’t a mistake, but I just sold 200 sh at $522. I had the order set for 525, then changed it after the first pull back. Damn, it would have hit at 525.
You sold 200 shares, which gets you $104k to deploy into options, but you didn't immediately put them into options?! Why are you so certain of a Friday pullback? I hope you know that you're timing the market with this action? But good luck to you!
Would setting a GTC (good-til-cancelled) order get around that cap? I saw it happen in my schwab account and was able to get around it with a GTC order.
ZsoZso
Supporting Member
Patience, grasshopper, there is always tomorrow...
JusRelax
Member
Xpeng is also now worth more than Ford... To be honest, I feel like today's run is more of an EV sector run than it is a TSLA run. XPEV up almost 20%, NIO up almost 8%, while TSLA is up a little over 5.5% as of right now.
PS - wow, I just realized that NKLA is back over $27 too. Still can't understand who's buying lol.
dc_h
Active Member
More credits for BEV leaders? I'll take another free plant in Europe.
I get so angry at NKLA stock being above $0.00. I'd short it, but you can at most double your money in that scenario (bankruptcy). And Tesla has higher potential than doubling, obviously. That said, I would have bet NKLA being at $0 a while ago, so had I shorted I'd definitely be in the 'the market can stay irrational longer than you can stay solvent' area. So all is well I suppose.
Correct. Yes, I know that’s timing, and it’s a lot of cash. I’m definitely not certain of a Friday pullback. Just hopeful. I’m thinking that with Thanksgiving week, the volume will be low and the MM / Hedge Funds will be able to manipulate the SP more easily. I could be very wrong. Worst case, I don’t jump back in and I’ve lost future value of those shares.
You probably weren’t suggesting that I sell so many shares, just enough to fund the purchase of a few call contracts. Maybe I got a bit over zealous.
Don’t worry, this is in an IRA, which I wasn’t planning to need for decades. I had a pretty good gain so far and felt like taking some profits. I will probably only deploy 40-60% into calls, 20-30% into puts, and hold the rest for future moves. I haven’t bought or sold any puts yet, so I will be evaluating those more closely. I’m still not sure of my future moves. However, I still have quite a few core shares in my ROTH, some 12/24 545c, plus some 2022-2023 LEAPS that are doing quite well.Now, I’m heading out to enjoy the day, leaving the keyboard an marketplace to others. Enjoy. It will be an interesting future.
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